The Mizoram Profession, Trades, Callings and Employment Taxation (First Amendment) Act, 1997

Regd. No. NE 907 Vol XXVI Aizawl, Tuesday 1.4.1997 Chaitra 11. S.E. 1919 Issue No. 61 NOTIFICATION No. H.12018/63/95-LJD, the 31st March, 1997. The following Act of the Mizoram Legislative Assem- bly, which received the assent of the Governor of Mizoram is hereby published for general information. The Mizoram Act No.5 of 1997 The Mizoram Profession, Trades, Callings and Employment Taxation (First Amendment) Act, 1997. Received the assent of the Governor of Mizoram on the 26th March, 1997. AN ACT further to amend the Mizoram Professions, Trades, Callings and Employments Taxation Act, 1995 (Act, No. 7 of 1995) (Hereinafter referred to as the principal Act). Be it enacted by the Legislative Assembly of Mizoram in the forty-eight year of the Republic of India as follows :- Short title ex- 1. (1) This Act may be called the Mizoram Professions, Trades, Calling and Em- tent, and com- ployments Taxation (First Amendment) Act, 1997. mencement (2) It shall have the like extent as the principal Act. (3) It shall come into force on and from the 1st day of April, 1997. Amendment of (2) In the principal Act, for Section 5 the following section shall be substituted namely :- Section 5 DETERMINATION OF TAX : The tax payable by any person under this Act sahll be determined generally with reference to his total gross income or total gross turnover or total contacted amount or total gross business during the previous from his profession Ex-61/97 - 2 - trade, calling or employment or eith reference to his standing in the profession trade. Calling or employment, as the case may be and sa specified in the Schedule annexed to this Act : Provide that the provisions of this Act shall not apply to a member of the Armed Forces of India or to a Cooperative Society registered or deemed to have been regis- tered under the Mizoram Co-operative Societies Act, 1991 Amendment of 3. (1) In entry no 6 of the Schedule annexed to principal Act, the words “or in- the Schedule come” appearing after the words :Any dealerwhose annual gross turnover” shall be deleted. (2) Between entry no 6. and 7 of the Schedule annexed to the Act, the following new entry shall be inserted, namely :- “6A. Owner of mechanical ........... electrical 0.5 percent /of such annual or electronic repair works including turnover subject to a maxi- fabrications and furtniture works. mum of Rs. 2,500/- p.a. (3) In entry no 11. of the Schedule annexed to the principal Act, for the figure and the wor/ds “Rs. 2,000/- per annum” specified in respect of Banking Companies as defined in the Banking Regulation Act, 1949 “the figure and the words “Rs 2,500/ - per annum” shall be substituted. (4) In entry no 12 of the Schedule annexed to the Principal Act, for the figure and the words, “Rs 2,000/- per annum” specified in respect of companies registered under the Companies Act, 1956 and engaged in any profession, trade or calling, the figure and the word, “Rs. 2,500/- per annum” shall be substituted. (5) In entry no. 13 of the Schedule annexed to the Act, for the figure and the words, “Rs 1,500/- per annum” specified in respect of Pertnership firms when en- gaged in any professions, trades, or calling, the figure and the words, “Rs 2,500/- per annum” shall be substituted. P. Chakraborty Secretary, Law & Judicial Deptt. Govt. of Mizoram. Published and Issued by Controller, Printing & Stationery Department, Government of Mizoram Printed at the Mizoram Government Press, Aizawl. C-900